Euro Zone Leaders Meeting Today ? EURUSD Under Pressure

Quote of the day: “It is not enough to aim; you must hit.” – Italian Proverb
EURUSD – 1.3800 @07:46 GMT
Good morning. Weakness is still favored as 1.3850 provides resistance now and decent recovery signs are not visible at time of writing. Intra-day studies remain will remain bearish as long as upside pullbacks will run out of steam into the 1.3850/80 where resistance stands.�European leaders�will meet in�Brussels�today�to agree a “competitiveness pact”�and will push Portugal to announce reforms to increase market confidence. Other important event in the Forex Calendar is the US Retail Sales figure, to be released at 13:30 GMT. On Read More

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� 2011 FX Trading Blog - innerfx.com | Article Source | Post tags: Euro-zone crisis, EURUSD

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